AIMPWA – Page 105 – msmenews.sbs

Australia-India Trade Deal Saves Exporters $2 Billion in Tariffs

AIMPWAFebruary 27, 2025

New Delhi, Feb 27 (KNN) Exporters from Australia saved approximately USD 2 billion in tariffs by December 2024 due to concessions under the Economic Cooperation and Trade Agreement (ECTA) with India, according to an official statement. The ECTA, which took effect on December 29, 2022, has significantly reduced trade barriers. Currently, over 85 per cent...

Rupee falls 2 paise to close at 87.21 against US dollar

AIMPWAFebruary 27, 2025

Rupee depreciated 2 paise to close at 87.21 (provisional) against US dollar as a muted trend in domestic markets and persistent foreign fund outflows weighed on investor sentiments. Forex traders said the latest tariff announcements from the US have sent shockwaves through global markets, strengthening the dollar. Moreover, month-end dollar demand also boosted the American...

UltraTech’s entry into cables & wires shocks KEI, Polycab and Havells stocks

AIMPWAFebruary 27, 2025

UltraTech Cement Ltd’s decision to enter the cables & wires (C&W) industry has caused jitters across stocks in the sector on fears of heightened competition. Shares of Polycab India Ltd, KEI Industries Ltd, Havells India Ltd, RR Kabel Ltd and Finolex Cables Ltd fell by 5% to 20% on Thursday. It is also likely that...

Taktile helps fintechs build automated decision-making workflows

AIMPWAFebruary 27, 2025

The automated logic behind many financial decisions — for example, decisions that determine whether a client is approved for a credit line — is hard-coded. Often, it’s not easily changed. If a head of credit at a bank wanted to adjust the bank’s lending criteria, for example, they’d likely have to raise a ticket with...

Supreme Court Strengthens Safeguards Against Arbitrary Arrests Under GST and Customs Acts

AIMPWAFebruary 27, 2025

New Delhi, Feb 27 (KNN) In a landmark ruling, the Supreme Court has held that the rights of accused persons under the Code of Criminal Procedure (now Bharatiya Nagarik Suraksha Sanhita) apply equally to arrests made under the Goods and Services Tax (GST) Act and the Customs Act. The Court emphasised that arresting authorities must...

Markets slip as expiry volatility persists; Shriram Finance leads gainers

AIMPWAFebruary 27, 2025

Equity benchmarks edged lower in midday trading on Thursday as investor sentiment remained cautious amid F&O expiry volatility and ongoing concerns over US tariffs. The benchmark Sensex traded at 74,579.20, down 22.92 points or 0.03 per cent from its previous close, while the Nifty declined 27.65 points or 0.12 per cent to 22,519.90. Market breadth...

MARKET

M&M Financial share price jumps 4% after allotment of NCDs worth ₹500 crore

AIMPWAFebruary 27, 2025

Stock market today: Shares of non-banking finance company (NBFC) Mahindra & Mahindra Financial Services (M&M Financial) witnessed a 4% increase on Thursday, February 27, after it informed that the Committee of Directors has approved the allotment of 50,000 non-convertible debentures (NCDs) to identified investors. “We hereby inform you that, based on the successful bidding done...

India Will Be Home To 10,500 Startups By 2020: Nasscom

AIMPWAFebruary 27, 2025

MUMBAI: India has emerged as the third largest start-up base and such ventures are poised to grow 2.2 times to reach 10,500 by 2020 despite a perception that the ecosystem in the country has slowed down in the last year, says a report. India is in the third position just behind US and UK, and...

India Prepares for Impact of EU’s Carbon Border Adjustment Mechanism

AIMPWAFebruary 27, 2025

New Delhi, Feb 27 (KNN) India’s export sector, particularly in steel, aluminium, and other high-emission industries, is set to face challenges due to the European Union’s Carbon Border Adjustment Mechanism (CBAM), warned Thomas Kerr, Lead Climate Change Specialist at the World Bank. Speaking at PRAKRITI 2025, an international conference on carbon markets, Kerr emphasised the...

Top gainers & losers mid-day 27 Feb 2025: Shriram Finance, Bajaj Finance, Bajaj Finance, IndusInd, Axis bank led gains

AIMPWAFebruary 27, 2025

Media, realty, IT and telecom stocks experiencing huge downturns, along with auto oil & gas, and FMCGs facing selling pressure, while banking stocks show resilience. The broader market traded in red as at 12.35 pm. Sensex slipped 29.02 pts or 0.04 per cent to 74,573.10, and Nifty 50 dipped 30.40 pts or 0.13 per cent to...

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BUSINESS

Insurance reforms: Govt to further relax foreign investment rules while raising FDI limit to 100%

AIMPWAMarch 14, 2025

The government plans to further liberalise foreign investment rules for insurance companies by removing the condition that mandates the presence of Indian residents in the boards and top management of insurance entities, said top finance ministry officials. The insurance reforms bill will be introduced in the ongoing budget session of parliament, one of these officials...

DeepSeek scared away some AI funders. But this wealthy backer is ready to spend.

AIMPWAMarch 14, 2025

Why government — not business — will see that AI startups get the money they need. Source link

When consumption push and fiscal consolidation go hand in hand

AIMPWAMarch 14, 2025

The budget this year came in the background of an economic slowdown led by weak urban consumption and lower government capex. Hence, finance minister (FM) Nirmala Sitharaman was expected to stimulate growth while continuing on the path of fiscal consolidation. The budget has delivered on this by incentivizing urban consumption through tax cuts while continuing...

Gold prices hit record high for 3rd straight day on MCX; spot gold tops $3,000 on safe-haven demand

AIMPWAMarch 14, 2025

Gold price today: Maintaining its upward run for the third straight day, gold prices touched another peak on the Multi Commodity Exchange (MCX) in today’s trading session, March 14. The April expiry contract opened higher at ₹87,781 per 10 grams and strengthened further to hit a fresh peak of ₹88,280, marking a 0.57% jump from...

Kerry Washington invests in wedding marketplace Cheersy

AIMPWAMarch 14, 2025

Kerry Washington is expanding her angel investment portfolio, serving as lead investor in the pre-seed round of the wedding marketplace Cheersy. Cheersy, which was founded in 2024 by Amy Shack Egan, helps couples find day-of service wedding coordinators and has raised a total of $550,000, from other investors including Christina Tosi, the founder of Milk...

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Latest Posts

Australia-India Trade Deal Saves Exporters $2 Billion in Tariffs

Rupee falls 2 paise to close at 87.21 against US dollar

UltraTech’s entry into cables & wires shocks KEI, Polycab and Havells stocks

Taktile helps fintechs build automated decision-making workflows

Supreme Court Strengthens Safeguards Against Arbitrary Arrests Under GST and Customs Acts

Markets slip as expiry volatility persists; Shriram Finance leads gainers

M&M Financial share price jumps 4% after allotment of NCDs worth ₹500 crore

India Will Be Home To 10,500 Startups By 2020: Nasscom

India Prepares for Impact of EU’s Carbon Border Adjustment Mechanism

Top gainers & losers mid-day 27 Feb 2025: Shriram Finance, Bajaj Finance, Bajaj Finance, IndusInd, Axis bank led gains

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Insurance reforms: Govt to further relax foreign investment rules while raising FDI limit to 100%

DeepSeek scared away some AI funders. But this wealthy backer is ready to spend.

When consumption push and fiscal consolidation go hand in hand

Gold prices hit record high for 3rd straight day on MCX; spot gold tops $3,000 on safe-haven demand

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Insurance reforms: Govt to further relax foreign investment rules while raising FDI limit to 100%

DeepSeek scared away some AI funders. But this wealthy backer is ready to spend.

When consumption push and fiscal consolidation go hand in hand

Gold prices hit record high for 3rd straight day on MCX; spot gold tops $3,000 on safe-haven demand

Kerry Washington invests in wedding marketplace Cheersy

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Insurance reforms: Govt to further relax foreign investment rules while raising FDI limit to 100%

DeepSeek scared away some AI funders. But this wealthy backer is ready to spend.

When consumption push and fiscal consolidation go hand in hand

Gold prices hit record high for 3rd straight day on MCX; spot gold tops $3,000 on safe-haven demand

Kerry Washington invests in wedding marketplace Cheersy

MFIs likely to adopt cautious growth approach moving ahead: Satin Creditcare CMD